The establishment of the system was the outcome of a two-day meetingof the Bangladesh-China-India-Myanmar (BCIM) Economic Corridor workinggroup, which ended on December 19 in Kunming, capital of southwestChina's Yunnan Province, Xinhua News Agency said, citing Chinese ForeignMinistry spokeswoman Hua Chunying as saying at a press briefing inBeijing on December 20.
The four parties also signed a joint research plan on the construction of the corridor, said Hua.
She said the four sides discussed priority areas relating tocooperation, and that they reached consensus on transportinfrastructure, investment, trade, logistics and culture.
China raised the proposal of building a BCIM Economic Corridor during Premier Li Keqiang's visit to India in May.
Hua said the proposal is significant in deepening friendly cooperation and connecting East Asia and South Asia.-VNA